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FOX Business
Nov 9, 2012 6:00pm EST
: welcome everybody, i am gerri willis. the u.s. dangling over the fiscal cliff. washington can't get its act together. speaker boehner challenging president obama to lead us. his first comments on the economy sense reelection, he seems emboldened by his reelection. with more on this, chris stirewalt. it is great to have you here. i want to start by talking about what the president had to say today. he seemed pretty firm on what he said so far about what we need to do with taxes in this country. here is the president. >> i am open to compromise. i am open to new ideas. i am committed to solving our fiscal challenges. but i refuse to accept any approach that is not balanced. i am not going to ask students and seniors and middle-class families to pay down the entire deficit while people like me, making over $250,000 are not asked to pay a dime more in taxes. [applause] gerri: chris, jay carney comes out a few minutes later and he says, well, the president says he will raise taxes on wealthy. so where is the compromise? >> the hope is that the compromise lies in a broader reform. but as you
FOX Business
Nov 19, 2012 9:00pm EST
. according to "the wall street journal", u.s. companies are cutting their spending plans in the fiscal and economic uncertainty, and doing so at the fastest pace in the a recession. it goes on to say that companies are not planning to spend this year or next year. i am joined by jeffrey miron. welcome back to the show, jeffrey. good to see you. i want to start with some breaking news that we had. moody's just announced that they are cutting france's government rating to aa from triple-a. the s&p da back did it back in january. of course, we mentioned last week that the eurozone is in recession. economies that are expanding and not contracting. is this a winning post for people in this country who can't seem to get our spending under control? >> i think it should be a warning. the entire situation should be a wake-up call. but even in europe, they are not recognized in the wake-up call. they are not doing all they could do to turn themselves away from being someone like greece. they have to cut the spending. gerri: they don't want to hear the bad news. they blared on the front page on "
FOX Business
Nov 9, 2012 9:00pm EST
college. will lawmakers get their act together in time? leader, more u.s. navy seals in hot water. fox news lis wiehl has the fox news lis wiehl has the shocking new details on theve l. but because of business people like you, things are beginning to get rolling. and regions is here to help. making it easier with the expertise and service to keep those wheels turning. from business loans to cash management, we want to be your partner moving forward. so switch to regions. and let's get going. together. gerri: not only is the u.s. about to go over the fiscal cliff, it is about to hit the bt ceiling as well. if congress doesn't reach a debt deal, we could see a worldwide financial calamity. joining me now is peter. it's always good to see you. i just want to tell people, w have $16.2 trillion worth of debt. the debt ciling, 16.4 trillion. very little to go to reach the debt ceiling. do you think congress will extend the debt ceiling? >> the question is will the president let them. extending the debt ceiling is not that big of a deal. but the question is what price will the president
FOX Business
Nov 20, 2012 6:00pm EST
explicit. if the u.s. goes over the fiscal cliff, the jump in taxes would likely quickly push the u.s. economy into a recession and there is nothing the fed can do to prevent that from happening. gerri: it seems to have unloaded everything they have, the economy has to come back on its own now. >> they can do with the bank of japan is now supposedly considering, resort to negative interest rate policy. consumers would be charged to keep money in savings accounts. that is one way getting people to spend, i don't think that is likely to happen anytime soon. gerri: i think that is just crazy talk to lots of viewers. but it is reality. instead of getting paid for putting your money someplace, which is the way it normally happens, instead you have to pay for the privilege. now why are people willing to make that trade-off? >> simply because they don't have enough room in their mattress to store their money or they don't have enough confidence to put their money in other financial assets such as stocks. gerri: we are not here yet. >> could be a reality in japan the japanese want to weaken t
FOX Business
Nov 21, 2012 6:00pm EST
outau because what has happened? and the iea, just a few months ago announced that the u.s. hase reduced its co2 emissions moresa than any other country in the world. a remarkable accomplishment. why? because of natural gas. clearly what i think will happen in the next four years, the obama administration and the epe are going to continue imposing regulations on the coalposing industry, which will lead to more natural gas-fired generation capacity in the u.s. clearly also going to lead toclo aore coal exports from the united states. nt gerri: does not reducing we are using. here is with the national minin associatioln had to say. current administration policy virtually precludes the construction of nuclear calli based plants. necessary platform for the technology the president advocated. the same policies have skewed the market against call. theshave do you agree? >> i think that is clearly the case. think t you have a lot of haregulationsn are putting pulled behind the eightball.cool natural gas in many parts of thl country that is priced underuntt col. what is happening to back
FOX Business
Nov 16, 2012 9:00pm EST
this is ridiculous. look at the number of companies have gone bankrupt like u.s. airlines. general tors, chrysler. the list gs on and n. that is wh union membership has hit another record low this year. they organize these companies and they make them uncompetitive. they make them less flexible. the companies go ut of business. gerri: he made that point earlier. this is the biggest workforce in the country. some 1 million workers, they want to be unionized. is it possible to just the opposite is happening now? we got a long-term trend of decline in membership, now unions are starting o gain ascendancy? >> it's hardo say. that is out of a rkforce that is out of the million workers. 160 or so workers, those who want a union, yes, there is a reason why thehave lost evry election they have had. they can't find one store where there is a majority of wal-mart employees that want to join the unn. you look at hostess, it's not hard to see why not. gerri: interesting. have a great weekend. james, always a pleasure to have you on the show. a lot more tocome, including another taxpayer bailou
FOX Business
Nov 25, 2012 4:00am EST
workers's eyes. the former chief economist for the u.s. labor department joins me, great to see you as always. you remain an interesting point, the people who would benefit from a unionized walmart are the unions themselves. how so? >> the union losses because the pension funds are dramatically underfund. with 33,000 workers that is funded at 55%. it means they only have 55% of the assets they need for current and future retirees. look at the northern california joint pension, 20,000 workers funded at 65%. they only have 60% of what they need. to fix this pension problem, new workers. they're trying to organize wal-mart. they want these wal-mart workers to pay contributions to the pension fund and they won't be getting it out for many years that which point -- gerri: this points out what a prize walmart is. 1.3 million workers, and it would be, a bailout for the unions. they are not concerned about wal-mart workers here. it is about their own obligations. >> you don't think they're telling these wal-mart workers if they join the union if walmart becomes unionize these workers would
FOX Business
Nov 2, 2012 9:00pm EDT
the trend of modest improvements in u.s. economic growth is continuing. gerri: what did you make of the report? speak i think modest growth is the right word. one of the things we have to remember is we have a long way to go to get back a good labor market. right now we're probably about 10 million jobs short because of job loss and population growth. at this rate that would literally take us about 10 years get 2 million jobs back. it is way too slow to consider this good and strong. gerri: i had read if we continued at this level it would take nine to 10 years to get back to full employment. we h have a long, long way to g. jason, we look at this did you see any good news in this report, any silver lining? >> i think the good news is directionally the job increases are moving in the right direction. also if you look at temporary workers the number was negative last month, this number was positive and actually recoup the losses last month so that is important because that is indicative of future trends of hiring. it is you want to see great reports, we will not see it. if you want t
FOX Business
Nov 30, 2012 6:00pm EST
newspaper, giving the u.s. a time lashing over the fiscal cliff. the people's daily. did you ever read that one? they blasted our congress threatened to unleash what they called a self-created recession hurt the world economy. the paper went on to school lawmakers here saying that the u.s. should act like a responsible power. oh, boy. of course, china's interest is purely self-interest here. the last thing he needs it needs is a slowdown in consumer spending. after all, where would the chinese and their economy be if it weren't for america? that's right. a lot more to come during this hour. what this tax fairness mean? i will break down the numbers. folks like warren buffett don't want to talk about this. and aaa and unusual warning about a blend of gasoline. the federal government wants you to start using the gas. but will it damage your car? aaa auto says yes. we have answers ahead. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 ml350 for $599 a month
FOX Business
Nov 26, 2012 9:00pm EST
breaks and researchers fond that the danishtax rates, which is similar to the u.s., increased retirement savings, but that for every dollars that workers put into government incentives, they reduce the savings outside of plans that do not have government help by almost the same amount. so almost no increase in retirement savings. >> so those would be taxable accounts? obviously, they are saying what is my taxable account look like. let me ask you this. >> yes, pretax versus postdocs. cheryl: you know washington so well are there different types of loopholes -- mortgage deduction loopholes, four o. one kays are now? think of those will be the real deal? >> do think those will be the types that will be truly the final deal that we get instead of the overall arching, everyone gets taxes raised? >> yes, i think they will probably end up with a mix of limits on tax deductions. with some tax increases. but i think that those making over 250,000, those families are going to bear the brunt of all this. i know that everybody enjoys their mortgage deduction. peter barnes, thank you very
FOX Business
Nov 5, 2012 6:00pm EST
] how could a luminous protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. ro price. invest with confidence. request a prospectus or summary prospectu with investment information, isks, fees and expenses to read and consider carefully before investing. and you pick the price that works for you. great. whoa, whoa, jamie. watch where you point that thing. [ mocking ] atch where you point that thing." you point yours, i point mine. okay, l-let's stay calm. [ all shouting ] put it down! be cool! everybody, just be cool! does it price better on the side? no, it just looks cooler. the name your price tool, only from progressive. call or click today. i got you covered. thank you. oh, you're so welcome. wooohooo....hahaahahaha! oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of
FOX Business
Nov 27, 2012 6:00pm EST
largely think that this is the part of that the leveraging process, moving to a point where the u.s. government is, to get more fiscally sound. and so obviously last year was a much more heated argument with our congress around the debt ceiling debate. obviously the tea party. they put in the sequester cuts, and now is the fiscal cliff. now, i think globally it is largely viewed as something that would be pretty to crony in. the comments, the monetary policy is not something that can offset it. it will probably put this into a recession. i don't think you're going to see a grand bargain, but i think you will see steps to start the have a down payment of working our way into facing. gerri: a short-term resolution, maybe. let's at least get past the deadline. maybe then we move into a bigger discussion of real tax reform and intel now reform. is that something that somebody in your position with favre? >> i think that structurally we need to see reforms on the spending as well as the tax side i don't think you will see that of the the next four weeks, but you will start to see that an
FOX Business
Nov 1, 2012 6:00pm EDT
construction is going to pick up. >> let's talk about u.s. treasuries for a second. there was a report today that investors are turning cautious on u.s. treasuries. you believe that? >> and heard the same story two years ago and and i don't believe them in amount than we were two years ago. i don't really think there's a lot of money that's going to fly out of treasuries. why is that? because we are still the world's biggest consumer. how do you find the world's biggest consumer? you lend the money. the u.s. government is still issuing tons of debt. so i don't think richard was love. double the yield little bit less of a risk remapped. gerri: i want to hear what you have to say about the new york stock exchange. they said the people who work here are not going to be safe unless they can stay home and not worry about it. we make of that? >> i think it makes sense. i agree. i think they would have been in harms way. but the question is did you really need those people down there or it. >> exactly. >> there is a report from just a couple weeks ago, year-over-year volumes is down 35
FOX Business
Oct 31, 2012 9:00pm EDT
? >> well, again, u.s. electric system is most reliable electric system in the world. but with a storm of a millennium, that has never been seen before that knocks out power to over 8 million people, and then brings in water and wind, it is a very difficult tough job. it does rely on a lot of different people working together. we're working in new york with mayor, and governor, and others to bring in every resource we can to get water pumped out to get on with the job of trying to restore electricity. but it is -- it is a huge job. i understand people's frustration,veryone depends on electricity, it affects every part of our lives, we understand how important it is for customers to have it. gerri: and dan, i think their frustration goes beyond, that we're looking at pictures of houses burning. some situation may not in your district that are dire, really, and truly dire, you know, here in new york city we're not used to this, this happens elsewhere, this is a new experience for us, a lot going on downtown near the new york stock exchange at crossroads, of the capitalism really. h
FOX Business
Nov 7, 2012 9:00pm EST
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FOX Business
Nov 29, 2012 6:00pm EST
the biggest bailout of banks in u.s. history. i think his choice of a negotiator is even problematic at this point. >> i completely agree. if you think back to the start of the first administration, he had his problems getting confirmed because of that the year to pay taxes. he's not well loved. he is an intro figure in the bailout of the banks and their supervision money was at the new york fed. this is not an ideal person to carry the message to the help. the message itself as dangerous. i agree 100 percent. this is not a message for the american people, international markets. and that you think it is an example of the administration misunderstanding the election. it is true that the president of reelected with a very, very powerful tactical victory, but the same people who elected him walked out of the voting booth and said the economy is on the wrong track. this is not an endorsement of their economic policies. the ones that put on the table today are disastrous step in the wrong direction. gerri: you knew former prime minister margaret thatcher very, very well. what would she sa
FOX Business
Nov 28, 2012 6:00pm EST
u.s. news and world report, give the cliff another name, and that would change the entire impact on its problems. the reality, though, is this. you'll pay higher taxes in all likelihood. consider these numbers from the tax policy center. middle class earners, folks with an income of $64,000, their rate increased 3 #.8% or $2,000. upper middle class folks, $108,000 in income, family of four maybe, two people working, your rate is 4.2% or $3500. if you make more than half a million, watch for a more than 5 #% hike in taxes or $15,000 tax increase. in rich land, earners of more than $2.5, an 8% increase in the rate, and this is how much more you pay. this is what they call fair and equal, dividing all the responsibility. i don't know, that's not what it looks like to me. the mainstream media says, forget it, it's not important. take whatever income you have, move the bonuses to calendar 2012, sell stock losers next year, and if you are gifting money to the kids arian grand kids, do it this year when taxes will be far lower. that's what i think. now i want to know what you think, drop m
FOX Business
Nov 6, 2012 6:00pm EST
analysis, reagan political analysis, columnist and michael goodwin. former u.s. investor john bolton. kt mcfarland. nationally renowned psychologi psychologist, and all among our guests here tonight to sort out what is happening. joining me, the election night eight-teanighta-team. let's start with this race as we look at what is happening here. the president rested today, although he did a number of interviews, went to the campaign staff. still campaigning. what do you believe that signifies if any. >> nothing. part of the strategy for the obama camp was the cost of supporting a candidate. president obama doing a lot of promoting. trying to make a last-minute play. we will see what happens. lou: what is your sense of what is happening? >> you said neither candidate could be comfortable read we saw them both assuming they had already locked up romney in virginia and florida. president obama in wisconsin of all places in pennsylvania, these were supposed to be safe. the heavy turnout is something in general you can find it favors one or the other. more people vote, the better. that will m
FOX Business
Nov 15, 2012 6:00pm EST
cuts wages. top u.s. gdp by over 1%. >> well, microeconomic numbers i won't comment about, but right here in the heartland of america it will hurt, and it will hurt in a real way. i used to think that if we continue to talk on fox business and other places about how the passthroughs, small businesses like mine, taxes individuals which will hurt business creation, sinner later there would listen, but i think they understand, and i don't think they care. it's kind of like when he said he would raise the capital gains and even if it resulted in less revenue because it's fair. gerri: how you feel because the president met with fortune 500 companies, met with procter and gamble, he met with ge. all these big company chieftains came in, not a single small what will it mean for employers like yourself? >> absolutely it is going -- those four and a half million small business people that create the two-thirds of the new jobs, they are all passthroughs, and most of us are. the taxes are all going up. as i said, if -- as karen carpenter once sang, it has only just begun. let's move on to a who
FOX Business
Nov 13, 2012 6:00pm EST
engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with vestment information, risks, fees and expenses to read and consider carefully before investing. ♪ gerri: welcome to our "the willis report" special on the housing market. buying a new home can be a very long, complicated process, but it does not have to be. the truth is, with mortgage rates at record lows, there are lots of opportunities for home buyers. can you get financing? vice-president joins me now. i was just looking at that. that is really a -- attractive. there are people that i know, their first house was financed with 11 percent loan or 12% of. >> the early 80's. 808581. gerri: how meaningful is this the people who are shopping. >> of borrowing from money. there will never be a time in history where you will be able to borro
FOX Business
Nov 12, 2012 6:00pm EST
foreign policy is hard to get excited about the middle east with no job in the u.s.. the big loser is israel. the president has already said he is stepping away. will the united states help them stop by iran? they will do with them as some point*. gerri: how do you do with a country like that? >> it will divide it to the point* to have nuclear weapons just once grew turn away then we would recognize to normalize relations. as a result either all those countries start to accommodate and let them be the dominant power to control the pershing goal for they get their own nuclear weapons. gerri: any winners or losers? >> but what is coming our way is the veterans. reset after vietnam we would never do that again but people come home everybody forgets about the bets kravis serious commitment to them that we're already cutting the mental-health benefits. gerri: now because of the fiscal cliff. >> is easier to cut the guys that cannot strike rather than government workers. gerri: especially on veterans day. the president made false responding to foreign leaders at san tm a voicemail that s
Search Results 0 to 49 of about 54 (some duplicates have been removed)